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TOURISM DEVELOPMENT LOAN PROGRAM Arkansas Form
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People also ask
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Who qualifies for sales tax exemption in Arkansas?
Tax-exempt customers Some customers are exempt from paying sales tax under Arkansas law. Examples include government agencies, some nonprofit organizations, and merchants purchasing goods for resale. Sellers are required to collect a valid exemption or resale certificate from buyers to validate each exempt transaction. -
What is the Arkansas tourism ticker?
The Arkansas Tourism Ticker is managed by Talk Business & Politics, and sponsored by the Arkansas Hospitality Association. The ticker uses the following three measurements to review the health of the state's tourism industry. Collections of Arkansas' 2% statewide tourism tax. -
What is the tax credit for Arkansas?
Unlike the income tax cuts, the Arkansas tax credit of up to $150 ($300 for joint filers) is retroactive to tax year 2023. That means eligible residents can claim the credit when they file their 2023 Arkansas state tax return. -
What is the sales tax credit for tourism in Arkansas?
If the approved tourism attraction is located in any other county the program offers a sales tax credit in the amount of fifteen percent (15%) of the total project cost. No person or entity may take advantage of this program and any other tax incentive program. -
What is the tourism tax in Arkansas?
Collections of Arkansas' 2% statewide tourism tax. Link here for a PDF of the January-June 2023 Arkansas Tourism Ticker. -
What is tax free weekend in Arkansas?
Arkansas Sales Tax Holiday Tax-free weekend in Arkansas is Aug. 5 and 6 in 2023. Certain items will be exempt from both state and local sales taxes. This means you'll essentially get at least 6.5% off everything on this list.
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